Real Estate Appreciation for Salt Lake City, Utah: + 31.13%
Appreciation for MSAs:.
The first way to get a handle on an areas appreciation for a period is to compare it to the rest of the state.
In this case Salt Lake City, Utah MSA appreciated + 31.13% (+ 4.45% yearly) for the period between 1999 and the end of 2005.
The state had + 29.70% total appreciation (+ 4.24% yearly).
The Salt Lake City, Utah MSA outperformed the state. When an MSA outperforms the state, it shows that something in this area happened to increase real estate growth. The are the conditions you look to replicate as an investor.
Salt-Lake-City-UT
Detailed Quarterly Appreciation is Available on Periods Less than 4 Years OnlyPlease Select One
2002-2005 Quarterly Detailed Appreciation
1999-2002 Quarterly Detailed Appreciation
Now is a great time to buy and fix up real estate in many areas. Foreclosures are on the rise so there are deals to be had. If you are considering purchasing and rehabbing a property, appreciation rates are important to consider. If you feel like this is a good area to purchase foreclosure property for rehab, check out Hard Money Rehab Loan Information at Spec-Loan.com. Its important to do your homework before taking on any type of real estate purchase.
If you were going to do a Coalville, Utah Refinance, or Coalville, Utah Reverse Mortgages, you could estimate your home value.
If you knew your Coalville, Utah home was worth $104,000.00 in 1999, you could multiply by + 31.13%, add the gain and see the home should be worth $136,373.14 in 2005. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Salt-Lake-City-UT from 1999 to 2005:
+ 4.45%
Appreciation Comparisons
The top 5 performing MSAs from 1999 to 2005 were Salinas-CA, Merced-CA, Naples-Marco-Island-FL, Vallejo-Fairfield-CA, and Modesto-CA .
- Salinas-CA increased +208.13% from 1999 to the end of 2005
- Merced-CA increased +193.70% from 1999 to the end of 2005
- Naples-Marco-Island-FL increased +186.53% from 1999 to the end of 2005
- Vallejo-Fairfield-CA increased +185.64% from 1999 to the end of 2005
- Modesto-CA increased +182.15% from 1999 to the end of 2005
Zip Code in MSA: 84017 - COALVILLE, UT
MSA Pop: 1005232Zip Pop: 3132
Avg Value: 156600
County: SUMMIT
Elev: 5586
Region: West
Lat: 40.80468
Long: -111.29634